Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Litecoin - a lite version of Bitcoin. Launched!
by
IPVPIRL
on 16/06/2019, 16:49:40 UTC
Who’s looking forward to Litecoin halving? Im curious how its gonna affect LTC price :O

https://coincodex.tv/videos/1589/will-litecoin-explode-before-its-halving
Halving mostly forces price moving up. However, the price of Litecoin have increased dramatically since its bottom back in late of 2018 (in both trading pairs, LTC/ BTC and LTC/ USD). Consequently, I think that it is time for Litecoin to witness its corrections, especially when all altcoins have fallen down due to bitcoin bull run. This fact is hard to accept for someone whom bought Litecoin at high, especially in LTC/ BTC pair. However, the positive thing is altcoin season will start some day, and Litecoin will have chance to rally with upcoming altcoin season.

When is the halving happens? I think price should grow more, like this was with BTC before and after halving in 2016. After halving we had a huge bullrun. So, probably we will have the same with LTC in this year.

You do know that there was an Ethereum fork that changed the miners rewards to 2/3? Do you recall anything like this happening? 600-700% rise in a few months? It only went up by a 10% until the fork.
BCH had a fork last November. It started pumping and pumping for 2 months and suddenly stopped a month before the fork. That was the BSV fork. It trapped people again for months as price fell almost 50% right before the fork. Do you think it is wise to hold and wait for the halvening? You will obviously get rekt.

I give you a safe financial advice so you won't be butthurt later -> SELL. It will go down to 20$ soon enough to rebuy if you still want to hold this coin for collector's value.